Want to experience something revolutionary in the digital banking? If yes, all you need to know about 811 Kotak. Now you must be wondering what is so special about the same, isn’t it? Well, let’s give you the insights of the same in the article below:
What is 811 for Everyone?
A full-service digital bank account that comes to you with the convenience of an app. A one-of-its-kind savings bank account, offered by Kotak Mahindra Bank, which is here to give you the unique banking experience. Imagine a bank account that comes with zero charges and no commitment on the balance to be maintained.
This unique bank account gives you the flexibility to spend freely, earn up to 6% interest per annum along with multiple offers to choose from.Well, you can say that right under one umbrella, you can enjoy infinite possibilities.
So, let’s just take a look at some of the exciting features in the article below:
Up to 6% Interest p.a.
Get the privilege to earn up to 6% interest for the savings account with a balance over Rs.1 Lakh and up to Rs.5 Crore. On maintaining the balance up to Rs.1 Lakh, earn the interest of 5%. While on the other hand, for a balance of above Rs.5 crore, earn 5.5% interest per annum. Isn’t it great?
Zero Balance Banking
You would be glad to know that you can open this saving account with zero balance. Yes, there are no worries to maintain the minimum balance in the savings account. You can anytime open the account without thinking twice as there is no penalty for not maintaining the same. Want else you could ask for?
Debit Card in a New Avatar
Now you don’t need to carry the cash with you all the time because you have this virtual debit card with you. Yes, carrying a plastic card is an old age phenomenon. Get used to this app that allows a virtual card to be fitted to your mobile. You can shop, pay bills, recharge your mobile with this virtual card as it is safe and convenient.
Scan & Pay
With the help of this mobile app, the customers can pay for grocery, shopping, tickets, movies and other requirements. You don’t need cash to pay for these items as you simply need to scan and pay for the same. Now, this banking app is limited to the selected stores and outlets but it will be available to many more stores in the future.
Shop. Travel. Movies & All
With this single app, you can do multiple things at a time. You can shop, travel, book flight & movie tickets and do a lot more with this single app. No matter what all needs you have, this digital app is here to cater to all your needs in the best way. This is the reason that why this app has become the favourite of many. However, as far as Kotak 811 charges are concerned, they range between 0 to Rs.500 for different services.